United Fire Group Inc reports results for the quarter ended March 31 - Earnings Summary

• United Fire Group Inc UFCS.OQ reported quarterly adjusted earnings of 70 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 56 cents. The mean expectation of three analysts for the quarter was for earnings of 64 cents per share. Wall Street expected results to range from 60 cents to 70 cents per share.

• Revenue rose 11.9% to $331.12 million from a year ago; analysts expected $336.18 million.

• United Fire Group Inc's reported EPS for the quarter was 67 cents​.

• The company reported quarterly net income of $17.7 million.

• United Fire Group Inc shares had fallen by 3.9% this quarter and lost 0.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 17.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "hold"

• Wall Street's median 12-month price target for United Fire Group Inc is $30.00

This summary was machine generated from LSEG data May 6 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)